§ 1-17-311 — Bond for future delivery of property; failure to perform

When an officer levies an execution upon any goods and chattels
which afterwards remain unsold for any reasonable cause, the
officer may for his own security, take a bond from the
defendant, with security he deems sufficient to the effect that
the property shall be delivered to the officer holding the
execution for the sale of same at the time and place appointed
by the officer, either by notice given in writing to the
defendant in execution or by advertisement printed in a
newspaper published in the county, naming the day and place of
sale. If the defendant fails to deliver the goods and chattels
at the time and place mentioned in the notice or to pay to the
officer holding the execution the full value of the goods and
chattels or the amount of the debt and costs, the bond shall be
considered broken and may be proceeded on as in other cases.